KRS 56.150: Expenses of administration.
Where this section sits in the code
- KRS Chapter 56
(1) The cabinet and the State Treasurer may employ such assistance and incur such
expenses as are necessary to carry out the purposes of KRS 56.065 to 56.180.
(2) All such expenses may be debited against the Commonwealth's property and
casualty insurance fund, and paid on warrant of the cabinet, but the total of such
expenses during any fiscal year shall not exceed ten percent (10%) of the total
receipts of the fund during the same fiscal year.
(3) If such expenses are incurred at a time when there is not a suf ficient amount in the
fund to pay them, they shall constitute a prior claim to be paid out of the first
receipts of the fund thereafter before any damages on account of insured losses are
paid.
Collected 2026-09-05T20:49:10Z. Source file · JSON